Unifirst (UNF) Getting Somewhat Positive News Coverage, Accern Reports
News stories about Unifirst (NYSE:UNF) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Unifirst earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the textile maker an impact score of 46.8808233630628 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Unifirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. Northcoast Research reaffirmed a “neutral” rating on shares of Unifirst in a research report on Thursday, October 19th. Finally, Zacks Investment Research cut shares of Unifirst from a “buy” rating to a “hold” rating in a research report on Saturday, September 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Unifirst presently has a consensus rating of “Hold” and a consensus target price of $165.00.
Shares of Unifirst (NYSE:UNF) traded down $0.05 on Wednesday, reaching $161.40. 67,000 shares of the company were exchanged, compared to its average volume of 56,400. Unifirst has a 52-week low of $124.85 and a 52-week high of $162.75. The stock has a market capitalization of $3,194.33, a PE ratio of 29.84, a PEG ratio of 2.99 and a beta of 0.74.
Unifirst (NYSE:UNF) last announced its quarterly earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.20. Unifirst had a net margin of 4.40% and a return on equity of 7.53%. The firm had revenue of $403.60 million during the quarter, compared to analysts’ expectations of $392.15 million. During the same period in the previous year, the company earned $1.27 earnings per share. Unifirst’s quarterly revenue was up 10.9% compared to the same quarter last year. analysts anticipate that Unifirst will post 5.26 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 8th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.15 dividend on an annualized basis and a yield of 0.09%. Unifirst’s dividend payout ratio (DPR) is presently 4.37%.
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Unifirst Company Profile
UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.
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